Farm Loan Programs - General Program Administration
Revision of a currently approved collection
No
Regular
09/05/2023
Requested
Previously Approved
36 Months From Approved
09/30/2023
146,434
164,390
149,426
168,029
0
0
The collection is used to provide supervised credit as legislatively mandated, ensure when loan funds are used for construction, work is completed according to applicable state and local standards; ensure loan repayment plan is developed using realistic data; and develop a loan assessment.
FSA reported the program changes in this request. The number of 64,802 respondents did not change since the last OMB approval. The number of responses decreased by 17,956 (164,390- 146,343(new)) while the number of burden hours decreased by 18,603 (168,029-149,426(new)). The reasons for those decreases in this request were that borrowers applied for fewer loans and submitted fewer forms for each loan application in the past few years. The consolidated FSA-2001 also affected the information collection request that resulted those decreases in the request.
On behalf of this Federal agency, I certify that the collection of information encompassed by this request complies with 5 CFR 1320.9 and the related provisions of 5 CFR 1320.8(b)(3).
The following is a summary of the topics, regarding the proposed collection of information, that the certification covers:
(i) Why the information is being collected;
(ii) Use of information;
(iii) Burden estimate;
(iv) Nature of response (voluntary, required for a benefit, or mandatory);
(v) Nature and extent of confidentiality; and
(vi) Need to display currently valid OMB control number;
If you are unable to certify compliance with any of these provisions, identify the item by leaving the box unchecked and explain the reason in the Supporting Statement.